Bobsurplus (OP)
Legendary
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Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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January 07, 2014, 02:52:08 PM |
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In the next week/month or so where are we going?
Up or Down?
We hit 1250ish, then dropped to 450 ish, then back up to almost 1100 and now were falling below 970.
Whats the deal? Are we finding a new bottom, testing the waters, or just waiting for the next huge sell off
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segeln
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:01:55 PM |
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In the next week/month or so where are we going? Up or Down? We hit 1250ish, then dropped to 450 ish, then back up to almost 1100 and now were falling below 970. Whats the deal? Are we finding a new bottom, testing the waters, or just waiting for the next huge sell off
BTC is still going strong. Just a rest to gain new strength ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FxmH8TnAL%2F&t=665&c=haw2ePwLrELmXg)
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Bobsurplus (OP)
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:04:35 PM |
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In the next week/month or so where are we going? Up or Down? We hit 1250ish, then dropped to 450 ish, then back up to almost 1100 and now were falling below 970. Whats the deal? Are we finding a new bottom, testing the waters, or just waiting for the next huge sell off
BTC is still going strong. Just a rest to gain new strength ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FxmH8TnAL%2F&t=665&c=haw2ePwLrELmXg) Well I sure hope so!
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raskolnikovx
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:10:19 PM |
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In the next week/month or so where are we going?
Up or Down?
We hit 1250ish, then dropped to 450 ish, then back up to almost 1100 and now were falling below 970.
Whats the deal? Are we finding a new bottom, testing the waters, or just waiting for the next huge sell off
We are going up but will experience some up/downs due to whales manipulation. The global trend is UP, though.
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JMAHH
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:10:33 PM |
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Reversal. Slow downtrend.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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January 07, 2014, 03:16:07 PM |
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Magic 8-Ball says "It is Certain." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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JimboToronto
Legendary
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Activity: 4116
Merit: 4736
You're never too old to think young.
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January 07, 2014, 03:18:28 PM |
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Over-reaction to news from China, riding on tail of correction from excessive weekend rally.
No long-term trend.
IMHO
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Bobsurplus (OP)
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:18:46 PM |
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Magic 8-Ball says "It is Certain." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) +1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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EvilPanda
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:29:20 PM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
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JimboToronto
Legendary
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Activity: 4116
Merit: 4736
You're never too old to think young.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 03:32:19 PM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty.
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N12
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Activity: 1610
Merit: 1010
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January 07, 2014, 03:35:24 PM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty. That's interesting. Would you, at the time, have also drawn strength out of the following alltime log chart? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1389108888145.png&t=665&c=w7oH_sYhpaCapg)
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pbody
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2014, 07:23:07 PM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
Looking at the day chart, I would say we are going down still. Its still closing below the last two previous highs. It will have to pass 1200 for there to be a confirmed uptrend. Look at the old bubble and you will see it always bounces back up slightly lower than the extreme high before going on a steady downward slope, eventually bottoming out, and then skyrocketing to mars. It could be months/ year before the latter happens.
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disclaimer201
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Activity: 1526
Merit: 1001
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January 08, 2014, 12:14:10 AM |
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Panic selling from latest chinese "news" that mining hardware was banned from the chinese ebay.
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scarface
Sr. Member
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Activity: 350
Merit: 250
Spectiv VR Crowdsale: 12/08/17
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January 08, 2014, 12:35:53 AM |
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you guys about to get dumped on by the chinese final warning to get out of btc
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▄▄████████████▄▄ ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄ ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄ ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███ ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄ ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌ ▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌ ████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██ ██░▀████▀██████████████████████████████▄░░██ ██░░░▀██▄█████████████████████████▄██▀▀██▄██ ██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███ ▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌ ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌ ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀ ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀ ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀ ▀████▄▄░░░░░░░░░░▄▄▄███▀ ▀▀▀██████████▀▀▀
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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January 08, 2014, 01:20:41 AM |
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The only thing you can count on with btc price is up AND down. You gotta have a lot of money or balls of steel to have bought at last weekend price. It's heading down steadily again, and it could go easily below $500 in next few days so watch close. I'm still looking for $300-$400 buy in then hodl, I have full confidence it's only a matter of time.
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EvilPanda
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January 08, 2014, 01:20:49 AM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
Looking at the day chart, I would say we are going down still. Its still closing below the last two previous highs. It will have to pass 1200 for there to be a confirmed uptrend. Look at the old bubble and you will see it always bounces back up slightly lower than the extreme high before going on a steady downward slope, eventually bottoming out, and then skyrocketing to mars. It could be months/ year before the latter happens. Btc is so volatile that looking at day charts is a waste of time unless, as I said before, you're looking to profit from volatility. The price is rising whether you look at it monthly or yearly. 2 months ago, before the bubble, the price was $200, If it gets close to that I will agree BTC lost 2 months of steady gain. I'm quite sure it won't go below 300 which means BTC gained at least $100 in 2 months. you guys about to get dumped on by the chinese final warning to get out of btc
Even if they dump all (which is unlikely) we won't go back more than 2 months in price. Don't miss the opportunity.
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KARHU
Newbie
Offline
Activity: 53
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2014, 01:53:08 AM |
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Down.
You do not worship the Bull without paying me your dues.
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alivecrypto
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January 08, 2014, 05:48:36 AM |
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Day traders feel like price is declining but sctuslly price is in inclined. 2013 was good year overall and 2014 will be better so no worries,
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JimboToronto
Legendary
Offline
Activity: 4116
Merit: 4736
You're never too old to think young.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2014, 06:09:20 AM |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty. That's interesting. Would you, at the time, have also drawn strength out of the following alltime log chart? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1389108888145.png&t=665&c=w7oH_sYhpaCapg) Probably, although it's hard to say objectively because I didn't learn about Bitcoin until about a year ago. . Unless I'd thought that Bitcoin was failing, the crash from the Jun 2011 would have seemed no further off the mean than its peak was and would indicate an eventual return, as exponential growth is inherent with Bitcoin until adoption tapers off.
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